Omaha daily bee., 1887-01-02
623,097 Head of Hogs Cattle and Sheep
Slaughtered, Worth S70l5,6l5.
PROGRESS IN OTHER LINES.
Comprehensive and Exact Exhibit
Of the Manufacturing, Com
mcrcial and Financial Pro-.
gress OF Omaha During
the Past Year,
BANKING,


Tho business of the banks is the mir.
ror in which is truthfully reflected
the business of community The
picture of financial progress or
depression cannot be otherwise than n
correct counterpart of good or bad
times IN the mart, the manufactory, in
professional walks of life, railroad circles.
the arena of real estate transactions, in
the realms of skilled and unskilled labor
in the pasture places and shambles-in
fact everywhere where brain, Drawn and
capital enter into industrial pursuits.
Indeed were all other statistics wanting
correct status of Il city's prosperity and
promise could be obtained from its bank
ing operations. This is pre- -cminently
the case with Omaha. The business of is
banks during 1886 has marvelously in
creased over the record of any previous
year. The establishment of one new
national bank and four additional private
banks; the increase of $S37, 500 in the
national bank capital of the city in 1896
over 1888, and an increase of So, 254, 273 O3
IN deposits, show the substantial charac-
ter of Omaha and the volume of its
business, while an increase of $t3, 2iS,.
a06.6l in eleven months clearings of
1856 over twelve months clearings in
1885 proves an activity in all business
branches that is as wonderful to contem-
plate rs it is encouraging to those who
have selected Omaha for place for cap.
ltal or labor investment. Well NAV the
most conservative of our bankers place
the increase of their business during the
last year over the previous twelve months
at 80 per cent. Carefully compiled sta
tistics clearly prove that this is very
modest statement. One bank alone-that
OF McCague Bros, the oldest and largest
private financial institution in the city
shows clear increase of 40 per cent in
the business of the year. In fact all show
remarkable prosperity. 1t could not be
otherwise when one takes into considera-
tion the large expenditures for public
works in 1886; the number of extensive
business blocks, costly residences, ware
houses, shops, etc, constructed during
the year; the increased volume of the cat.
tie trade; railroad traffic. extensions and
improvements; the notable rise IN realty
valuation, and activity in transfers; the
etc, who have located here; the increase
IN the grain trade; the thousands of
skilled mechanics and other wage work
ers who have come here to take adyan.
tage of the demand and liberal recon.
pense for their services; the prosperity of
the agricultural districts Immediately
around the city; the new and extensive
trade territory opened up for Omaha,
and numerous other active commerce
creators. All this means the presence of
plenty OF money and its active, liberal
and continuous circulation. The Ma
tiOnal bank showing has been taken from
the last October sworn statements rs
made IN response to government call,
because there cannot be any inflated rs.
sertlons therein contained. So too with
= the business of the Omaha Savings bank.
With the private banks the statements of
the officers, placed at the lowest figure
by request, and corroboratcG by the un.
biased opinions of leading dnanciers and
National bankers Of the city, have been
taken. This system seems TO be the only
sound and conservative way of reaching
a conclusion which cannot fail to open
the eyes of Omaha's citizens and all
financiers, capitalists and home seekers,
who desire to know where prosperity has
erected its throne and given promise of
still more glorious reign, that by the very
nature of things cannot be broken in all
time to come. Attention is first called to
the work of the clearing house, which is
under the careful management of W. IL.
s, Hughes, cashier of the Nebraska Ma
tlonal bank. The record from its organ
lzation IN this city, TO December /, 1856,
is carefully considered,
OMAHA CLEARING HOUSE.
Organized October 90, 1884, and the
first clearngs were made October 90
1854. The following table will show the
work done since that date to December
l. 1885